Conductive Ink Market Size, Share, Growth, Trends | Report 2022-2030
The global conductive ink market was estimated at USD 2766.92 million in 2021 and it is expected to surpass around USD 4.9738 billion by 2030, poised to grow at a CAGR of 6.73% from 2022 to 2030.
Report Highlights
Increasing demand for efficiency and miniaturization, and emerging applications to drive the market growth are some of the key factors that are presumed to drive the regional markets. R&D initiatives to develop superior robust products that have a wide application base across diverse industries offer ample opportunities for market development.
The surge in demand for properties such as smaller size, better energy efficiency, and better durability, conductive inks are used as a substitute for traditional wire circuits is anticipated to be beneficial for the overall market growth. Research initiatives to develop cost-effective raw materials, such as copper, nickel, and graphene, which have properties similar to that of silver, are projected to further aid in market growth in the near future. The research initiatives are undertaken by both government and industry participants and are expected to increase multiple potential applications, which in turn are projected to complement the global market growth.
The market has been segmented into three segments on the basis of product, application, and region. Major products of conductive Ink include conductive silver ink, conductive copper ink, conductive polymers, carbon nanotube ink, dielectric inks, and carbon/graphene ink. conductive silver ink dominated the market demand for the last few years. Prominent conductive Ink applications include photovoltaic, Membrane switches, Displays, Automotive, Smart packaging, biosensors, printed circuit boards, and other applications. Photovoltaic applications dominated the global market.
Regionally, the market has been segmented into North America, Europe, Asia Pacific, Central and South America, and the Middle East and Africa. The Asia Pacific occupied the largest market share in the recent past. Macroeconomic factors in the Asia Pacific such as the expanding middle class, rising disposable incomes, education, changing demographics, and rapid urbanization are driving the market in the region. The demand for conductive inks in consumer electronics is high in the region. The rising presence of key players in the Asia Pacific is also estimated to boost the overall growth of the market. Economies such as China, South East Asia, and India are projected to lead the regional market.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 2766.92 million |
| Revenue Forecast by 2030 | USD 4.9738 billion |
| Growth rate from 2022 to 2030 | CAGR of 6.73% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Product, application, region |
| Companies Covered |
DuPont; Vorbeck Materials Corp.; Applied Nanotech Holdings, Inc.; Sun Chemical Corporation; PPG Industries, Inc.; Creative Materials, Inc.; Poly-Ink; Henkel Ag & Co. KgaA; PChem Associates, Inc.; Johnson Matthey Colour Technologies; Fujikura Ltd.; Heraeus Holding; Nagase America Corporation; Engineered Materials Systems; Epoxies; Etc; Voxel8; Methode Electronics; Novacentrix; Johnson Matthey |
Product Insights
The conductive silver ink product segment led the market and accounted for more than 21.2% revenue share in 2021. Major conductive ink products include conductive silver ink, conductive copper ink, conductive polymers, carbon nanotube ink, dielectric inks, and carbon/graphene ink. The conductive silver ink segment is estimated to dominate the market for conductive ink during the forecast period. The segment is estimated to gain market share from more than 22.0% in 2021 to 24.0% by 2030. The increasing prominence of the product in industries such as printed electronics and flexible electronics is likely to act as a key catalyst for segment growth in the coming years.
Developments in product configuration, by enabling the use of nanomaterials, have contributed to making conductive silver inks highly popular in various industries. In recent years, the increasing use of printed electronics in expensive metals, such as gold and platinum, has led to the growing use of silver inks in the electronics industry. Conductive silver inks have gained the confidence of investors owing to their unique characteristics. The conductive silver ink segment is thus anticipated to dominate the market over the forecast period.
Application Insights
The photovoltaic application segment led the market for conductive ink and accounted for more than 21.12% revenue share in 2021. The market, on the basis of application, is classified into photovoltaic, membrane switches, displays, automotive, smart packaging, biosensors, printed circuit boards, and others. The smart packaging segment dominated the application sector in 2021. The segment is expected to show the fastest growth rate, ascending with a CAGR of 7.04% from 2021 to 2030 and holding a market share of over 7.5% by 2030.
Conductive inks are used in the fabrication of photovoltaic textiles. The rising prominence of clean energy is likely to push the growth of the photovoltaic segment over the forecast period. The globally rising electrical demand is likely to be the key propellant of solar plants. Countries such as China, India, and the U.S. are projected to generate robust demand for the photovoltaic segment. The solar energy installation in India grew by nearly 89% from 2019 to 2020. Thus, owing to the demand for clean energy, the market for conductive inks is projected to witness a robust growth rate over the forecast period.
Regional Insights
The Asia Pacific led the market for conductive ink and accounted for more than 58.4% of revenue share in 2021. The Asia Pacific dominated the market over recent years ahead of Europe and North America. Market shares of developed markets such as North America and Europe are anticipated to decrease owing to application saturation. Developing markets such as the Asia Pacific, and Middle East & Africa are projected to experience brisk growth in areas such as Photovoltaic, Membrane switches, Displays, Automotive, Smart packaging, Biosensors, Printed circuit boards, Other applications. Robust demand for these applications is projected to fuel the regional market.
Rapid urbanization, increasing disposable incomes, and improved government balance sheets resulting in increased infrastructure spending are some of the major contributors to the growth of the market for conductive ink in Asia pacific. The government has entered into numerous Public-private Partnerships (PPPs) to develop the electronics and automobile industries in the country. Also, its concentrated efforts to provide affordable modern electronics are driving the market in the Asia Pacific.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Conductive Ink Market
5.1. COVID-19 Landscape: Conductive Ink Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Conductive Ink Market, By Product
8.1. Conductive Ink Market, by Product, 2022-2030
8.1.1. Conductive silver ink
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Conductive copper ink
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Conductive polymers
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Carbon nanotube ink
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Dielectric inks
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Carbon/Graphene ink
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Conductive Ink Market, By Application
9.1. Conductive Ink Market, by Application, 2022-2030
9.1.1. Photovoltaic
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Membrane switches
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Displays
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Automotive
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Smart packaging
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Biosensors
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Printed circuit boards
9.1.7.1. Market Revenue and Forecast (2017-2030)
9.1.8. Other applications
9.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Conductive Ink Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 11. Company Profiles
11.1. DuPont
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Vorbeck Materials Corp.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Applied Nanotech Holdings, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Sun Chemical Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. PPG Industries, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Creative Materials, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Poly-Ink
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Henkel Ag & Co. KgaA
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. PChem Associates, Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Johnson Matthey Colour Technologies
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers